Georgia › Houston County › Perry › 1704 Northside Rd
1704 Northside Rd, Perry, GA 31069
For sale at $259,900 with an assumable USDA loan recorded in March 2022. Rate 4%, from the loan's public records, against today's average of 7.24%.
A USDA loan needs USDA's approval to assume, and the buyer has to meet USDA's income and location rules. On a USDA guaranteed loan the rate can't go above the original loan's rate (7 CFR 3555.256); loans made directly by USDA follow different rules, so ask the servicer.
- 4%rate from loan records
- $259,900list price
- USDAloan type
- Mar 2022loan recorded
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Before you call about this home: see the cash it takes to assume this loan.
The home
- Bedrooms
- 3
- Bathrooms
- 2
- Square feet
- 1,889
- Lot
- 0.35 acres (15,099 sq ft)
- Type
- House
- Stories
- 1
- Year built
- 1966
- HOA
- None on record
- County
- Houston County
- School district
- Houston County schools. High schools score 83.2 out of 100 on Georgia's CCRPI, #24 of 179 districts (confirm schools with the district)
- On the market
- 6 days as of November 1, 2026
- Price as of
- November 1, 2026
What the low rate is worth
Every $100,000 of this loan costs about $524 a month at 4% over the 25 years left, against $681 for a new 30-year loan at 7.24%. That's about $158 a month less for each $100,000 you take over.
How much cash would this home take? Cash to assume is the price minus the seller's loan balance. It decides whether you can take over this loan, so know it before you call about the home.
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Taxes and insurance add about $355 a month: property taxes about $175 (ZIP 31069 rate, 0.81% of the price a year) and homeowners insurance about $180 (Georgia average for the price). USDA loans carry an annual fee of about 0.35% of the balance a year, which stays with the loan when it's assumed. Estimates; get an insurance quote and the county's tax bill before you count on them.
How this loan pays down
With about 25 years left at 4%, about 1 dollar in 3 of each payment already goes to paying off the loan. On a new 30-year loan at 7.24%, it's about 1 dollar in 9.
- about 13%paid off in 5 years (a new loan: 6%)
- about 28%paid off in 10 years (a new loan: 14%)
- 2052paid off, about 25 years from now
This loan, 4% New 30-year loan at 7.24%
See the numbers
| After | This loan still owes | New loan still owes |
|---|---|---|
| 5 years (2031) | 87% | 94% |
| 10 years (2036) | 72% | 86% |
| 15 years (2041) | 53% | 75% |
| 20 years (2046) | 30% | 58% |
| 25 years (2051) | 2% | 34% |
Year by year
| Year | Paid to the loan | Paid in interest | Still owed |
|---|---|---|---|
| 2026 | 2% | 4% | 98% |
| 2027 | 2% | 4% | 95% |
| 2028 | 3% | 4% | 93% |
| 2029 | 3% | 4% | 90% |
| 2030 | 3% | 4% | 87% |
| 2031 | 3% | 3% | 85% |
| 2032 | 3% | 3% | 82% |
| 2033 | 3% | 3% | 78% |
| 2034 | 3% | 3% | 75% |
| 2035 | 3% | 3% | 72% |
| 2036 | 3% | 3% | 68% |
| 2037 | 4% | 3% | 65% |
| 2038 | 4% | 3% | 61% |
| 2039 | 4% | 2% | 57% |
| 2040 | 4% | 2% | 53% |
| 2041 | 4% | 2% | 49% |
| 2042 | 4% | 2% | 44% |
| 2043 | 5% | 2% | 40% |
| 2044 | 5% | 2% | 35% |
| 2045 | 5% | 1% | 30% |
| 2046 | 5% | 1% | 25% |
| 2047 | 5% | 1% | 20% |
| 2048 | 6% | 1% | 14% |
| 2049 | 6% | 0% | 8% |
| 2050 | 6% | 0% | 2% |
| 2051 | 2% | 0% | 0% |
As shares of today's balance. The dollar amounts are in Pro.
Principal and interest only; taxes, insurance, and the USDA annual fee are extra. The loan is assumed to end on its recorded maturity date. Ask the listing agent for the servicer's payoff statement before you count on these numbers.
Before you make an offer
- Ask the listing agent to confirm the loan is a USDA loan and that the seller is open to an assumption.
- Get the exact balance, rate, and payment from the seller's loan servicer. Ours are estimates from public records.
- Plan how you'll cover the seller's equity: cash, or a second loan if the servicer allows one.
- USDA loan: USDA has to approve the assumption, and you have to meet USDA's income and location rules. On a USDA guaranteed loan the rate can't be set above the original loan's rate, though the term may be reset (7 CFR 3555.256); loans made directly by USDA follow different rules. Ask the servicer before counting on the low rate.
- The servicer's approval usually takes longer than closing a new loan, so ask early.
More in how it works and what to check.
Not sure you can make this work?
Ask about this loan before you call the listing agent: how much cash you'd really need, whether a 2nd loan is likely, and what the servicer will want from you. Free, by email, no account needed.
Talk to an assumption expert Answered by Joey Thompson, who runs Find Assumables. Not a real estate agent.
Sold, or something wrong here? Tell us · Listing agent? Confirm the loan · Your home? Ask us to take it down
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All 6 homes in Perry · Houston County · All of Georgia
Rates come from each loan's public records (HUD's FHA records or the lender's federal HMDA report) where we can match the loan; the rest are estimates from the average 30-year rate in the month the loan was recorded (VA loans usually came in lower; FHA loans landed on both sides). Balances are estimates: the original loan amount from public records, paid down to today. Prices are from the listing when we first found it; check the listing for the current price. Savings compare the same loan amount at today's average rate. Not a brokerage, lender, or advisor; confirm everything with the listing agent and the loan servicer.